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Torrid Holdings Inc. (“Torrid” or the “Company”) today announced the pricing of its initial public offering of 11 million common shares, which will be sold by certain existing shareholders of Torrid for $21.00 per share. In addition, the selling shareholders have granted the underwriters a 30-day option to purchase an additional 1.65 million common shares from these selling shareholders at the initial public offering price minus underwriting discounts and commissions. Torrid will not receive any proceeds from the sale of shares by selling shareholders. The stock is expected to begin trading on the New York Stock Exchange (“NYSE”) on July 1, 2021, under the ticker symbol “CURV”. According to customary closing conditions, the issuance is expected to end on July 6, 2021.
Morgan Stanley, Bank of America Securities Company, Goldman Sachs LLC and Jefferies LLC will serve as the joint lead bookrunners for this offering. Baird, Cowan and William Blair acted as joint bookrunners for this issue. Telsey Advisory Group LLC serves as co-manager of…
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